{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-189986","form_type":"8-K","ticker":null,"cik":"0001752036","company_name":"California BanCorp","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.407109+00:00","generated_at":"2026-05-31T14:26:54.512192+00:00","sec_items":["2.01","3.01","3.03","5.02","5.03","5.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"California BanCorp and Southern California Bancorp close merger of equals; combined entity trades as BCAL","bullets":["All-stock merger closed July 31, 2024; each CALB share exchanged for 1.59 shares of BCAL.","Combined company holds ~$4.2B assets, operates as California BanCorp (BCAL) with California Bank of Commerce, N.A. name.","Board expanded to 12 directors, six from each legacy company; Steven Shelton remains CEO.","California BanCorp common stock delisted from Nasdaq; BCAL continues trading.","Full operational integration expected by September 23, 2024; no immediate customer changes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-189986","json":"https://secwatch.observer/filing/0001193125-24-189986.json","markdown":"https://secwatch.observer/filing/0001193125-24-189986.md","text":"https://secwatch.observer/filing/0001193125-24-189986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/d859733d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:26:54.512192+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ea09d18e8","claim":"Stephen A. Cortese departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"78c5340c42","claim":"Rochelle E. Klein departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c71a56a639","claim":"Kevin J. Cullen departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d85847c30a","claim":"Andrew J. Armanino departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"da38aa182d","claim":"Frank L. Muller departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f6678a825d","claim":"Steven E. Shelton departed as Director at California BanCorp.","evidence_excerpt":"each of the Company’s directors and executive officers ceased serving in such capacities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"42db98a3ca15ba20707d3afbad4b8b42318ffe8f","claim":"California BanCorp underwent a change of control involving Southern California Bancorp for 1.590 shares of SCB Common Stock per share of Company Common Stock (closed 2024-07-31).","evidence_excerpt":"each share of common stock, no par value, of the Company (“Company Common Stock”) outstanding immediately prior to the Effective Time was converted into the right to receive 1.590 shares (the “Exchange Ratio,” and such shares, the “Merger Consideration”) of common stock, no par value, of SCB (“SCB Common Stock”), with cash (without interest) paid in lieu of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Southern California Bancorp"},{"label":"Consideration","value":"1.590 shares of SCB Common Stock per share of Company Common Stock"},{"label":"Closing","value":"2024-07-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}